Used primarily in research settings as a model compound to study lipid metabolism and atherosclerosis. It serves as a synthetic cholesteryl ester, helping scientists investigate the role of modified lipids in plaque formation within arteries. Due to its stability and specific structure, it is also employed in analytical chemistry for calibration and detection of cholesterol esters in biological samples. Additionally, it has been used in the formulation of lipid nanoparticles and drug delivery systems to modulate release profiles and membrane interactions.